ITV (LON:ITV) Share Price Passes Above Two Hundred Day Moving Average - Here's Why

Key Points

• ITV passed above its two hundred day moving average, with the 200‑day MA at GBX 78.92, the stock trading as high as GBX 80.55 and last at GBX 79.95 on a volume of 188,654,797 shares.
• Key fundamentals include a market capitalization of £2.99 billion, a P/E of 13.78 and P/E/G of -0.53, with a current ratio of 1.23, quick ratio of 0.83 and debt‑to‑equity of 48.72; the company reported GBX 8.50 EPS for the quarter, a ROE of 11.42% and a net margin of 7.28%.

ITV plc (LON:ITV - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 78.92 and traded as high as GBX 80.55. ITV shares last traded at GBX 79.95, with a volume of 188,654,797 shares trading hands.

ITV Price Performance

The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 48.72. The company has a 50 day moving average price of GBX 79.44 and a 200 day moving average price of GBX 78.92. The company has a market capitalization of £2.99 billion, a P/E ratio of 13.78, a P/E/G ratio of -0.53 and a beta of 0.81.

ITV (LON:ITV - Get Free Report) last posted its quarterly earnings results on Thursday, March 5th. The broadcaster reported GBX 8.50 earnings per share for the quarter. ITV had a return on equity of 11.42% and a net margin of 7.28%. On average, equities analysts predict that ITV plc will post 1120 EPS for the current fiscal year.

ITV Company Profile

ITV is a vertically integrated producer broadcaster and streamer, consisting of ITV Studios and Media & Entertainment. ITV Studios is a scaled and global creator, owner and distributor of high-quality TV content. It operates in 12 countries, across 60+ labels and has a global distribution network. It is diversified by genre, geography and customer in the key creative markets around the world. Media & Entertainment is the largest commercial broadcaster and streamer in the UK, delivering unrivalled audience scale and reach.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.